The following table provides summary statistics for contract job vacancies advertised in England with a requirement for Monte Carlo Method skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Monte Carlo Method over the 3 months to 27 June 2017 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Monte Carlo Simulation
UK / England
3 months to
27 Jun 2017
Same period 2016 Same period 2015
Rank 585 593 601
Rank change year-on-year +8 +8  
Contract jobs citing Monte Carlo Method 16 30 25
As % of all contract IT jobs advertised in England 0.037% 0.060% 0.050%
As % of the Processes & Methodologies category 0.044% 0.072% 0.062%
Number of daily rates quoted 13 18 13
Median daily rate £663 £618 £600
Median daily rate % change year-on-year +7.28% +2.91%  
90% offered a daily rate of more than £535 £489 £354
10% offered a daily rate of more than £734 £683 £690
UK excluding London median daily rate - £500 £320
% change year-on-year - +56.25%  
Number of hourly rates quoted 0 0 1
Median hourly rate - - £40.00
UK excluding London median hourly rate - - £40.00

Monte Carlo Method is in the process and methodology skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in England with a requirement for process and methodology skills.

Contract Process & Methodology Skills
England
Contract job vacancies with a requirement for process and methodology skills 36629 41404 40602
As % of all contract IT job vacancies advertised in England 84.70% 83.49% 80.85%
Number of daily rates quoted 24036 27790 26591
Median daily rate £450 £450 £415
Median daily rate % change year-on-year - +8.43%  
90% offered a daily rate of more than £313 £300 £288
10% offered a daily rate of more than £600 £600 £588
UK excluding London median daily rate £415 £400 £385
% change year-on-year +3.75% +3.89%  
Number of hourly rates quoted 948 977 1113
Median hourly rate £32.00 £27.50 £26.00
Median hourly rate % change year-on-year +16.36% +5.76%  
90% offered a hourly rate of more than £12.81 £12.58 £12.00
10% offered a hourly rate of more than £52.50 £48.00 £50.00
UK excluding London median hourly rate £34.00 £28.50 £30.00
% change year-on-year +19.29% -5.00%  

Monte Carlo Method
Job Vacancy Trend in England

The job posting trend of jobs advertised in England citing Monte Carlo Method as a proportion of all contract or permanent IT jobs with a match in the Processes & Methodologies category.

Job vacancy trend for Monte Carlo Method in England

Monte Carlo Method
Contractor Daily Rate Trend in England

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Monte Carlo Method in England.

Contractor daily rate trend for Monte Carlo Method in England

Monte Carlo Method
Contractor Daily Rate Histogram in England

The daily rate distribution of IT jobs citing Monte Carlo Method in England over the 3 months to 27 June 2017.

Contractor daily rate histogram for Monte Carlo Method in England

Monte Carlo Method
Contractor Hourly Rate Trend in England

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Monte Carlo Method in England.

Contractor hourly rate trend for Monte Carlo Method in England

Monte Carlo Method
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Monte Carlo Method within the England region over the 3 months to 27 June 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London -5 15 £663 +1.92% 2
South East +15 1 - -
Monte Carlo Method
UK

For the 6 months to 27 June 2017, IT contractor jobs citing Monte Carlo Method also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the England region with a requirement for Monte Carlo Method.

1 41 (71.93%) Finance
2 30 (52.63%) Risk Management
3 26 (45.61%) Mathematics
4 25 (43.86%) Banking
5 24 (42.11%) C++
6 19 (33.33%) Front Office
7 17 (29.82%) TDD
8 16 (28.07%) Quantitative Finance
9 15 (26.32%) Algorithms
9 15 (26.32%) JIRA
9 15 (26.32%) SQL
10 14 (24.56%) Microsoft Excel
10 14 (24.56%) Analytics
11 12 (21.05%) CUDA
12 11 (19.30%) Market Risk
13 10 (17.54%) Degree
13 10 (17.54%) Credit Risk
13 10 (17.54%) Subversion
13 10 (17.54%) Microsoft
14 9 (15.79%) C#
14 9 (15.79%) VBA
14 9 (15.79%) Microsoft Office
14 9 (15.79%) Investment Banking
14 9 (15.79%) Microsoft PowerPoint
15 8 (14.04%) Statistical Analysis
15 8 (14.04%) Statistics
15 8 (14.04%) Computer Science
16 7 (12.28%) Risk Analysis
16 7 (12.28%) SC Cleared
16 7 (12.28%) Security Cleared

Monte Carlo Method
Co-occurring IT Skills in England by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 2 (3.51%) SAS
2 1 (1.75%) DataSynapse
Applications
1 14 (24.56%) Microsoft Excel
2 9 (15.79%) Microsoft Office
2 9 (15.79%) Microsoft PowerPoint
3 4 (7.02%) SPSS
4 3 (5.26%) Spreadsheet
5 2 (3.51%) SPSS Modeler
Cloud Services
1 1 (1.75%) Amazon AWS
1 1 (1.75%) Microsoft Azure
Database & Business Intelligence
1 6 (10.53%) Data Mining
2 5 (8.77%) Big Data
3 1 (1.75%) NoSQL
3 1 (1.75%) OLAP
Development Applications
1 15 (26.32%) JIRA
2 10 (17.54%) Subversion
3 2 (3.51%) Jenkins
General
1 41 (71.93%) Finance
2 25 (43.86%) Banking
3 19 (33.33%) Front Office
4 9 (15.79%) Investment Banking
5 6 (10.53%) Retail
6 5 (8.77%) Financial Institution
7 3 (5.26%) Back Office
7 3 (5.26%) Marketing
8 1 (1.75%) French Language
Job Titles
1 23 (40.35%) Developer
2 22 (38.60%) Analyst
3 21 (36.84%) Quantitative Developer
4 17 (29.82%) Qualitative Analyst
4 17 (29.82%) Quantitative Analyst
5 12 (21.05%) Analyst Developer
5 12 (21.05%) Quantitative Analyst Developer
6 11 (19.30%) Developer Analyst
7 8 (14.04%) Risk Manager
8 7 (12.28%) Architect
8 7 (12.28%) C++ Developer
8 7 (12.28%) C++ Quantitative Developer
9 4 (7.02%) Data Scientist
9 4 (7.02%) Risk Analyst
9 4 (7.02%) Senior Architect
9 4 (7.02%) Senior Solutions Architect
9 4 (7.02%) Solutions Architect
10 3 (5.26%) Banking Analyst
10 3 (5.26%) Data Architect
11 2 (3.51%) Test Manager
Libraries, Frameworks & Software Standards
1 1 (1.75%) .NET
1 1 (1.75%) ASP.NET
1 1 (1.75%) COM
1 1 (1.75%) WCF
1 1 (1.75%) WPF
1 1 (1.75%) XML
1 1 (1.75%) XSLT
Miscellaneous
1 15 (26.32%) Algorithms
2 12 (21.05%) CUDA
3 11 (19.30%) Market Risk
4 10 (17.54%) Credit Risk
5 8 (14.04%) Computer Science
6 6 (10.53%) Analytical Skills
7 5 (8.77%) Credit Derivative
7 5 (8.77%) Derivative
8 3 (5.26%) Foreign Exchange (FX)
9 2 (3.51%) Grid Computing
Operating Systems
1 3 (5.26%) Windows
2 2 (3.51%) Linux
Processes & Methodologies
1 30 (52.63%) Risk Management
2 26 (45.61%) Mathematics
3 17 (29.82%) TDD
4 16 (28.07%) Quantitative Finance
5 14 (24.56%) Analytics
6 8 (14.04%) Statistical Analysis
6 8 (14.04%) Statistics
7 7 (12.28%) Data Architecture
7 7 (12.28%) Programme Management
7 7 (12.28%) Risk Analysis
8 6 (10.53%) Time Management
8 6 (10.53%) Time Series Analysis
9 5 (8.77%) Change Management
9 5 (8.77%) Economics
10 4 (7.02%) CHAID
10 4 (7.02%) ETL
10 4 (7.02%) Logistic Regression
10 4 (7.02%) Neural Network
10 4 (7.02%) Operations Research
10 4 (7.02%) Stress Testing
Programming Languages
1 24 (42.11%) C++
2 15 (26.32%) SQL
3 9 (15.79%) C#
3 9 (15.79%) VBA
4 5 (8.77%) Java
4 5 (8.77%) R
5 4 (7.02%) C
6 2 (3.51%) PowerShell
6 2 (3.51%) T-SQL
7 1 (1.75%) MATLAB
7 1 (1.75%) Python
7 1 (1.75%) VC++
Qualifications
1 10 (17.54%) Degree
2 7 (12.28%) SC Cleared
2 7 (12.28%) Security Cleared
3 6 (10.53%) DV Cleared
4 2 (3.51%) Computer Science Degree
4 2 (3.51%) PhD
Quality Assurance & Compliance
1 2 (3.51%) IFRS
1 2 (3.51%) IFRS 9
2 1 (1.75%) Basel III
2 1 (1.75%) CRD IV
2 1 (1.75%) Data Quality
Vendors
1 10 (17.54%) Microsoft
2 4 (7.02%) Tableau
3 1 (1.75%) Google
3 1 (1.75%) Oracle
East London
Spencer Rose
Rate: From £450 to £500 per day
Posted: 4 days ago